Line Yahoo to Japanese Authorities: “Evaluation of Naver Capital Relations Tough within the Brief Time period”

2024-07-02 02:26:04

Report on the implementation standing of recurrence prevention measures to the Ministry of Inside Affairs and Communications the day earlier than

ⓒNewsis

The Yomiuri Shimbun reported on the 2nd that Line Yahoo, the operator of the Japanese messenger app LINE, expressed its recognition that “there might be difficulties in short-term capital motion at current” concerning a evaluation of its capital relationship with its main shareholder Naver in reference to a large-scale data leak.

Line Yahoo reported the standing of implementation of preventive measures containing these contents to the Japanese Ministry of Inside Affairs and Communications the day earlier than.

Line Yahoo acquired administrative steering and requested its guardian firm Softbank and main shareholder Naver to evaluation their capital relationship. Within the report that day, it defined, “Each firms are responding cooperatively,” and mentioned, “We are going to work to make sure that discussions progress.”

The Yomiuri reported that “there’s a motion inside Korea opposing the executive steering, so there’s a risk that negotiations might be extended.”

Line Yahoo additionally reported that it has determined to cease outsourcing work to Naver, which the Ministry of Inside Affairs and Communications mentioned it could finish in precept, together with work associated to Line, together with outsourcing the event of Yahoo’s new search engine. Nevertheless, it plans to proceed outsourcing a few of its abroad enterprise, equivalent to customer support in Korea the place it operates a messenger app enterprise.

The Line data leak incident occurred by way of unlawful entry by way of a Naver subsidiary that Line had outsourced work to. The Yomiuri reported that the Ministry of Inside Affairs and Communications believes that the background to the data leak is Naver’s dependence on it or its inadequate safety administration system, and is demanding a response together with a evaluation of capital relations.

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Scorching information proper now

2024-07-02 02:26:04